Tradeoffs

“Board of directors met and approved form 990.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board of directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the meeting of the board or committee while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person with the conflict of interest may make a presentation at the board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable.”

“No other documents available to the public.”

“The organization leases employees from a professional employer organization (peo). The peo has indicated that they are the co-employer for payroll purposes. Compensation, benefits, and payroll taxes for the leased employees has been reported as compensation, benefits, and payroll taxes on lines 5-10 of part ix of the 990, and, where applicable, in part vii, section a, for officers and directors of the organization. However, all forms 941, w-2, w-3, 1099, and 1096 were filed under the peo's ein.”

“The organization's process for oversight of the audit of its financial statements and its process for selection of an independent accountant has not changed.”